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BENGALURU PROPERTY TAX
Bengaluru’s tax gap, not tax rates, is the real resource problem: Krishna Byre GowdaBengaluru plans to map properties outside the tax network and bring them into the system to widen the tax base without raising rates, Great...
Man paid lower income tax by setting off business loss against long term capital gains but received income tax notice; wins case in ITAT DelhiMan pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. IT...
Your house is worth Rs 2 crore, but are you really retirement ready?While an expensive home is nothing less than an achievement, you must remember that the house in which you live produces no rent at all. Ap...
5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram officeThe ED alleges that the resulting entity repaid about Rs 7,800 crore, including principal and interest, to Genpact Luxembourg between 2018 ...
Indian property is an NRI favourite—but is it the smartest way to build wealth?For years, buying a home in India has been almost synonymous with investing for many Non-Resident Indians (NRIs). A flat in Mumbai, Delhi, ...
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
Think buying a house is a smarter investment than renting? Bengaluru CA warns of a costly real estate trapBengaluru-based CA Meenal Goel challenges the belief that buying a house is always a smarter investment than renting. She suggests consider...
Landlord deposited Rs 14.96 lakh cash during demonetisation, got tax notice: ITAT Bangalore grants reliefLandlord took rent in cash, deposited Rs 14.96 lakh cash during demonitisation period; got Income tax notice, he wins case in ITAT Bangalor...
Rs 25 lakh cash deposited in bank, income tax officer sends notice for unexplained cash u/s 69; Taxpayer wins case in ITAT Bangalore, here's whyEmployee deposits Rs 25 lakh cash in bank; tax officer sends notice for unexplained cash u/s 69; Employee wins case in ITAT Bangalore; Know...
Russian Sberbank works towards expansion in IndiaThe expansion comes as India and Russia seek to widen economic ties. The two countries have set a target of $100 billion in annual trade by...
Karnataka proposes stricter parking rules for Bengaluru, seeks public feedbackKarnataka has proposed new parking rules for Bengaluru city. These rules include higher charges for prolonged on-street parking. Incentives...
The road less paved: India’s cities have a governance problemAs key contributors to national economic growth, Indian cities face challenges in governance due to unfulfilled promises of devolving power...
Rs 41 lakh cash deposit but no ITR: Bengaluru man claimed his wife and father paid his expenses; ITAT Bangalore refuses relief on this groundWaseem Ahmed, accountant member and Keshav Dubey, judicial member of ITAT Bangalore, in a recent judgement refused to condone a delay of ab...
Coinbase's India return: How a bespoke rupee on-ramp changes the game for foreign exchangesOperating under a fresh local entity fully registered with India's Financial Intelligence Unit (FIU-IND) and compliant with local tax frame...
A man's comparison between open air vs gated societies: Security, amenities or human connection?A man’s comparison of gated societies and open neighbourhoods has sparked discussion about whether security, parking and private amenities ...
Bengaluru civic bodies to clean vacant plots, recover costs from owners through property taxBengaluru’s five city corporations will launch a citywide drive from Thursday to clean neglected vacant plots after low compliance from own...
MTNL, BSNL and RINL's Rs 13,500 crore worth of realty assets to hit marketsRealty assets worth an estimated ₹13,500 crore belonging to MTNL, BSNL and RINL are set to hit the market after the Department of Public En...
Should I sell my flat and invest to earn interest, or keep it and earn rent in my retirement?ET Wealth Reader's Query: I own a two-bedroom flat in Bengaluru, which is about 10 years old, and have no outstanding loan. I am a senior c...
Shriram Properties Q1 profit down 46% to Rs 11 crShriram Properties faced a significant profit decrease of forty-six percent in the June quarter, largely affected by rising operational exp...